Aji Suryo Utomo

Aji Suryo Utomo

Aji first came to AHP as an intern and was made an associate in 2015. He earned his bachelor's degree in Law from the Diponegoro University in 2014, where he majored in Business Law.

Since commencing his practice at AHP, Aji has been involved in a series of sophisticated capital market and M&A transactions, among others, the initial public offering (IPO) of PT Cikarang Listrindo Tbk, one of the longest-operating private electricity supplier in Indonesia, the issuance of Republic of Indonesia's Sukuk under its Trust Certificates Issuance Program, and the proposed acquisition of one of the largest foreign gold and copper mining company in Indonesia.
 

Qualifications

  • LLB., Diponegoro University (2014)
     

Notable Transactions

  • Assisted PT Indonesia Asahan Aluminium (Persero) in the issuance of USD 1,000,000,000 5.230% Notes due 2021, USD 1.25 billion 5.710% Notes due 2023, USD 1 billion 6.530% Notes due 2028, and USD 750 million 6.757% Notes due 2048. The proceeds were utilized to finance the purchase of a majority stake in PT Freeport Indonesia (2018).
  • Assisted the Republic of Indonesia (Republic) in the issuance of USD 750 million aggregate principal amount of 4.450% Bonds due 2024, USD 1.25 billion aggregate principal amount of 4.750% Bonds due 2029 and USD 1 billion aggregate principal amount of 5.350% Bonds due 2049 by the Republic in SEC registered format (2018).
  • Assisted the Republic in the issuance of 3-year JPY 49 billion 0.67%, 5-year JPY 39 billion 0.92%, 7-year JPY 35 billion 1.07% and 10-year JPY 8.5 billion 1.27% Republic of Indonesia Japanese Yen Bonds. This issuance became the second Public Samurai bonds of the Republic, but this time the bonds were issued under the Japanese Shelf Registration scheme (2018).
  • Assisted the Joint Lead Managers and Joint Bookrunners in the issuance of USD 1 billion aggregate principal amount of 4.10% Bonds due 2028 and EUR 1 billion aggregate principal amount of 1.750% Bonds due 2025 by the Republic in SEC registered format. This offering marked the Republic's second dual currency transaction (2018).
  • Assisted PT Pelabuhan Indonesia IV (Persero) in the issuance of IDR 3 trillion Bonds in 3 series, which will mature in 2023, 2025 and 2028. The bonds are offered and sold in accordance with Indonesian capital markets regulation and a registration statement was filed to the Financial Services Authority (Otoritas Jasa Keuangan or OJK) (2018).
  • Assisted the Republic in the issuance of the world's first Green Sukuk bond. The Republic issued USD 1.25 billion 5-year and USD 1.75 billion 10-year Reg S/144A Trust Certificates due in 2023 and 2028, respectively (the Wakala Sukuk). The 5-year tranche represents the world's debut sovereign Green Sukuk issuance and the first ever issuance under the Republic's newly established Green Bond and Green Sukuk Framework (2018).
  • Advised PT ABM Investama Tbk in the issuance of its 144A/Reg S offering of USD 300 million aggregate principal amount of 7.125% senior notes due 2022 and its issuance of USD 50 million aggregate principle amount of additional notes (2017).
  • Acted as the independent Indonesian legal counsel to the Joint Lead Managers and Joint Bookrunners in relation to the issuance of USD 4 billion Notes by the Republic of Indonesia in SEC registered format (2017).
  • Acted as the legal counsel for one of the fastest growing lease retailer company who develops, operates, and owns various shopping malls in Indonesia in connection with the acquisition of a shopping mall in Gorontalo, Indonesia (2017).
  • Acted as the local legal counsel to the Joint Lead Managers consisting of Citigroup Global Markets Limited, Credit Suisse (Singapore) Limited and PT Indo Premier Securities in the IPO of PT Prodia Widyahusada in reliance on Regulation S under the US Securities Act (2016).
  • Acted as the Indonesian legal adviser to PT Cikarang Listrindo Tbk (Cikarang Listrindo) in the issuance of USD 5.5 million 4.95% Senior Notes due 2026, through its wholly-owned subsidiary located in Netherlands, Listrindo Capital B.V., in reliance on Regulation S/Rule 144A under the US Securities Act (2016).
  • Acted as the local legal counsel to the Joint Lead Managers consisting of Barclays Bank PLC, Deutsche Bank AG, London Branch, J.P. Morgan Securities PLC, and Societe Generale on the dual-tranche issuance of the Republic's Notes amounting to EUR 3 billion due 2023 and 2028 as Series 18 and 19 of the USD 40 billion Global Medium Term Note Program to be offered outside of Indonesia and listed on the Singapore Exchange and the Frankfurt Stock Exchange (2016).
  • Acted as the Indonesian legal adviser to Cikarang Listrindo, a sole private electricity supplier to five industrial estates in Bekasi, in its IPO of 1,608,716,000 new shares amounting to IDR 2,413,074,000,000 in reliance on Rule 144 A/Regulation S under the US Securities Act, as well as the sales of 804,358,000 shares owned by the selling shareholders which were offered concurrently with the IPO (2016).
  • Acted as the local legal counsel to the Republic and Perusahaan Penerbit SBSN Indonesia III as the issuer on the dual-tranche issuance of USD 2.5 billion Global Government Sukuk Issuance Program as Series 5 and 6 of the USD 10 billion Trust Certificates Issuance Program to be offered outside of Indonesia and to be listed on the Singapore Stock Exchange and the NASDAQ Dubai. This transaction was the largest ever Asian US Dollar denominated Sukuk transaction at that time (2016).
  • Acted as legal counsel in the proposed acquisition of a foreign well-known gold and copper mining company in Indonesia (postponed) (2015).
  • Represented PT Saratoga Investama Sedaya Tbk, in its proposed acquisition of PT Express Transindo Utama Tbk, the second biggest taxi company in Indonesia (cancelled) (2015).
  • Acted as counsel to the issuer, PT Mega Manunggal Property Tbk, a property developer that focuses on providing high quality office and warehousing space in its IPO in Indonesia conducted pursuant to the OJK rules (2015).
  • Acted as the Indonesian counsel to the Arrangers and Dealers for the update and increase of the Global Government Sukuk Issuance Program as Series 4 of the USD 10 billion Trust Certificates Issuance Program to be offered outside of Indonesia and to be listed on the Singapore Stock Exchange and the NASDAQ Dubai (2015).

 

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